52 54 Roswell Ave, Long Beach, CA 90803

Property Description

The subject property is a charming 6 unit apartment complex in the Belmont Shore neighborhood of Long Beach California on a quiet street. The 2 story walk-up building has nice curb appeal and was constructed in 1945 with a unit mix that consists of 4 (1 bedroom + 1 bath), 1 (2 bedroom + 1 bath) and a 3 bedroom 2 bath unit. The 3 bedroom unit will be delivered vacant "as-is" at close of escrow. The remaining units are all rented on a month to month basis at rents significantly below market. 
 
 There is a washer and dryer onsite situated in one of the garages for tenants on a contract with WASH. There is one additional garage that the seller will vacate prior to close of escrow. Tenants pay their own gas & electric. The astute investor will realize the rarity in this investment as it provides a huge upside in rental income, in a Prime A+ location just a short stroll from the beach.
 
 Belmont Shore is the jewel of Long Beach, and 52-54 Roswell is at the heart of it. The property is just a short one block walk to Ocean Boulevard, the sandy shoreline, Rosie's Dog Beach, Belmont Plaza Pool and Belmont Pier. It is conveniently located a few blocks from Vons and the iconic mainstay Chuck's Coffee Shop & Diner. Two blocks to the north is 2nd Street (Main Street Belmont Shore) with an abundance of restaurants, retail shops, pubs and bars. Long Beach does not have rent control which will provide for almost immediate upside in rents.